Business 1 hour ago It also outspends competitors on the underlying gear that's needed to deliver those services. Google parent Alphabet and Microsoft are close behind when it comes to spending, with Alphabet a little higher as it attempts to surpass Microsoft as the number-two cloud provider by market share and revenue. Then there are the laggards. IBM and Oracle don't disclose revenue from their public clouds, but they do disclose total capital expenditures. That gives a sense of the scope of investment the companies are making up front to deliver these fast-growing services. These investments are paltry compared with competitors. In the past four quarters, IBM and Oracle's combined capital expenditures total less than one-quarter Microsoft. Amazon has spent seven times as much.